Black Iron (TSE:BKI) Stock Price Down 12.5%

Black Iron Inc (TSE:BKI) was down 12.5% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07, approximately 266,000 shares were traded during trading. A decline of 56% from the average daily volume of 602,158 shares. The stock had previously closed at C$0.08.

The stock’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.09. The stock has a market cap of $14.90 million and a price-to-earnings ratio of -4.41.

Black Iron Company Profile (TSE:BKI)

Black Iron Inc operates as a Canadian iron ore exploration and development company. The company holds a 100% interest in the Shymanivske iron ore project, which covers an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. Black Iron Inc was incorporated in 2010 and is headquartered in Toronto, Canada.

Further Reading: What is the balance sheet?

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